LogMeIn Pays $15M for Pachube

7/19/11

Woburn, MA-based LogMeIn (NASDAQ: LOGM), a maker of software for remote access on Internet-connected devices, said today it acquired Pachube in a $15 million cash deal. Pachube (pronounced Patch Bay) offers a Web service for connecting sensor-enabled devices and sharing data among that network. The acquisition is designed to strengthen LogMeIn’s connectivity and data sharing platforms, and expand its service to devices beyond computers, smartphones, and tablets.

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